2343 Scarff Street

Los Angeles, CA 90007

$7,895,000

List Price

34

bed Beds

32

shower Baths

21,770 sqft

straighten / sqft

1910

calendar_month Built

Property Description

Discover an exceptional investment opportunity with this prime building located just a short walk from the prestigious University of Southern California. This well-maintained property features 31 units, comprising 18 one-bedroom apartments, 12 studio units, and a spacious four-bedroom, two-bathroom additional dwelling unit, catering to a diverse range of tenant needs. Currently generating over $55,000 in monthly income, this property boasts an impressive 6.20% CAP rate and an 11.63 GRM, making it a lucrative addition to any portfolio. The property is professionally managed and is fully occupied for the 2024-2025 USC school year, ensuring a steady income stream. Additionally, the property holds a Mills Act designation, providing significant property tax savings that enhance its investment potential.

Listing Information

List Price $7,895,000
Status Active
MLS 24457811
Type Residential Income
Year Built 1910
Lot Size 8,782
Structure Size 21,770
DOM 37
Courtesy Of Keller Williams Realty Downey
Listing Agent Michael R. Fukushima DRE#01380445
Co-Listing Agent Stephen F. Watson DRE#01187813

Interior Features

Total Bedroom
Bedrooms 34
Total Bathroom
Bathrooms 32
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Michael R. Fukushima, Stephen F. Watson, Keller Williams Realty Downey 818-321-6490. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 3:44 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.